CCL Industries (CCDBF) Expected to Announce Earnings on Wednesday

CCL Industries (OTCMKTS:CCDBF) is expected to announce its results before the market opens on Wednesday, February 25th. Analysts expect the company to announce earnings of $0.79 per share and revenue of $1.3750 billion for the quarter.

CCL Industries Trading Up 0.8%

CCDBF opened at $64.38 on Friday. The stock has a fifty day simple moving average of $62.70 and a two-hundred day simple moving average of $59.59. CCL Industries has a 12-month low of $45.89 and a 12-month high of $65.02.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on CCDBF shares. Scotiabank lowered shares of CCL Industries from an “outperform” rating to a “sector perform” rating in a research note on Thursday, January 29th. BMO Capital Markets reiterated an “outperform” rating on shares of CCL Industries in a research note on Thursday, December 18th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

About CCL Industries

CCL Industries is a global specialty packaging company focused on the design and manufacture of pressure-sensitive and speciality labels, flexible packaging, tubes, and security products. The company serves a wide range of end markets, including consumer goods, healthcare, personal care, food and beverage, automotive, electronics, and industrial markets. Its portfolio comprises pressure-sensitive labels, shrink sleeves, in-mold labels, flexible packaging for food and other consumer products, and security-focused solutions such as tamper-evident seals and authentication systems.

Founded in 1951 and headquartered in Toronto, Ontario, CCL Industries has grown through a combination of organic innovation and strategic acquisitions.